Thank you for everyone that attended the Adverse Action Notice webinar! There are several pieces of information relating to the webinar that we would like to post and make available to you. To make sure all of the related material stays in one place, we will continue to update this post when additional information becomes available. -Adverse Action Notice […]
News
Risk Management Resource Site Boasts Successes
Grand Rapids, MI – July 21st, 2011 CU*Answers recently announced that its RMRG site, or Risk Management Report Generator, has been well received since its launch late in 2009. Since its launch, 305 reports have been created online, 87 of them so far in 2011, while the Risk Management Matrix houses 33 matrices created by […]
Regulation CC changes
Effective July 21, 2011, section 1086 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 amends the Expedited Funds Availability Act by increasing the amount from $100 to $200 that must be available for withdrawal by opening of business on the next day. Your credit union will need to review your disclosures relating […]
Are you monitoring your dormant accounts?
The Credit Union Times recently posted an article where an employee of a small California Credit Union embezzled $1.2 Million from dormant accounts. The former employee was able to transfer funds from dormant accounts to accounts that were controlled by her and her husband. This lead to the eventual closing of the Credit Union in […]
Lender*VP Collections Roundtable Schedule
The Lender*VP team of CU*Answers has announced that it will be hosting a Collection Roundtable Event on Wednesday, May 25th, from 9:30am – 12:00 as well as again from 1:30 – 4:30. Held at the CU*Answers offices in Grand Rapids, Michigan, the Collections Roundtable is an open forum discussion on collections laws, internal procedures and […]
Good Director Practices I – Fundamentals
Recently CU*Answers taught a class on the basic responsibilities and mechanics of being a board member. This class is the first in a set of three on good practices for board members, and can be applied for board members who sit on credit unions and non-profits, as well as individuals who sit on for-profit boards. […]
ATM Fee Vigilantes Filing Reg E Lawsuits Against Credit Unions
Individuals across the country are filing lawsuits against credit unions and banks for failing to place surcharge notices on their ATMs. Financial institutions in Michigan, California, and Illinois have been hit hard by the recent suits which claim that the terms of the Electronic Funds Transfer Act (EFTA, or Reg E) are violated when the […]
Regulation E and e-Statements
The CU*Answers mantra has always been “we make the tools, not the rules.” Regulation is always subject to interpretation and in some cases business risk. When we developed the e-Statement platform, credit unions requested we give them the ability to physically enroll members at the time of account opening. This request came from those credit […]
Dormancy Webinar for Michigan Clients
Here is a copy of the Dormancy webinar from March 18th that was directed to our Michigan clients. Dormancy-Michigan WebConference
Risk Concentration Webinar – 03/08/11
Thank you to everyone that attended the Risk Concentration Webinar today! Another outstanding turn out. Below you will find a link to a copy of the PowerPoint, along with links to supporting Risk Concentration documents. Concentration Risk Webinar – March 8 2011 2011 CU A Concentration Risk Offerings – Sample Report 2011 CU A Concentration Risk Offerings […]